The UK government has cancelled its plan to allow consumers to sell on the income they were due to receive under an annuity in exchange for a cash payment, citing consumer protection issues. 19 Oct 2016

Out-Law Guides

The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.

This guide is subject to UK law and was last updated in October 2011 . A recent report on the funding of social care recommends individuals should be required to contribute no more than £35,000 towards the costs of their own care in old age.

Almost five and a half thousand UK financial firms currently rely on at least one regulatory 'passport', allowing them to market and sell their products throughout the European Economic Area (EEA), according to new figures from the Financial Conduct Authority...23 Sep 2016